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New UK leader to face highest government debt in 60 years

A Union flag waves behind a European Union flag, outside the Houses of Parliament, in London, Wednesday, Oct. 19, 2022. Since the shock 2016 referendum vote to leave the European Union, Britain has seen years of bitter wrangling with the EU, two general elections and three prime ministers. The pound fell 0.75% against the U.S. dollar to $1.1273 in late morning trading in London, after jumping as much as 1.2% on Monday. (AP Photo/Alberto Pezzali)